descomunal
``Banks are imposing terms on real-estate firms similar to those for defaulted loans,'' said David Malpica, who helps manage $5.6 billion of real-estate and distressed debt assets in Europe and the U.S. for CarVal Investor in London. ``It reflects the high volatility of real-estate assets.''
Las condiciones de las hipotecas a promotores reflejan la alta volatilidad del mercado inmobiliario.
Property developers pay a premium over other industries to borrow. Fernando Martin's Madrid-based Grupo Martinsa is paying Morgan Stanley, Caja Madrid and Caja de Ahorros de Barcelona an interest premium as high as 2.5 percentage points over interbank rates, according to regulatory filings.
Las condiciones de los crñeditos a promotores llegan a ser del euribor + 2.5 !!!!!!!!!!